Answered: A company's value chain A) consists of…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

A company's value chain

A) consists of the primary activities that it performs in seeking to deliver value to shareholders in the form of higher dividends and a higher stock price.

B) concerns the basic process the company goes through in performing R&D and developing new products.

C) consists of two broad categories of activities: the primary activities that create customer value and the requisite support activities that facilitate and enhance the performance of the primary activities.

D) depicts the internally performed activities associated with creating and enhancing the company's competitive assets.

E) consists of the series of steps a company goes through to develop a new product, get it produced and into the marketplace, and then start collecting revenues and earning a profit.

Expert Solution

Step 1

Company operations refer to the day-to-day activities that a company performs in order to produce and deliver its products or services to customers. This can include a wide range of activities such as purchasing raw materials, managing inventory, hiring and training employees, designing and developing products, manufacturing products, marketing, and advertising products, and providing customer service.